Erik Kobayashi-Solomon, founder of IOI Capital, speaks to a strategic investor at Oxy Low Carbon Ventures, the venture capital arm of Occidental Petroleum.
He writes that the strategic investor was "talking about a future integrated carbon market – not a market for oil or natural gas or chemical feedstocks – but a market that would allow companies to make purchases of carbon chain building blocks themselves."
Kobayashi-Solomon adds that the investor acknowledged that the future was a low-carbon or no-carbon one, but that even in a low- / no-carbon world, carbon use would continue to serve an important role.
When Kobayashi-Solomon asked the investor what he thought if the implementation of a carbon tax was necessary, the investor pointed out the "45Q" tax rule, which enables companies engaged in carbon capture to receive a tax credit in a positive way.
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Rivaayat is an initiative by Shri Ram College of Commerce, Delhi to revive various dying art form and solve innumerable problems faced by the artisans. Rivaayat began with reviving a 20,000-year-old art form of pottery that is a means of survival for 600 families residing in Uttam Nagar, Delhi.